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20130117
20130125
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economies have slowed. the slowdown in china was the least partly a policy goal to try to create a more sustainable and stable growth path and to try to shift the sources of demand in china from foreign buyers, exports to domestic demand. a variety of things have happened to slow overall growth. we saw in the u.s., we suffered week export numbers. for us, that is a loss of potential growth. a couple of challenges. the different parts of the world that are facing slowdowns, it has to address its own set of issues. in europe, some progress has been made in addressing their sovereign debt and banking issues that they have. the european central bank has taken some important steps to try to stabilize the financial markets there. they're working on improving their fiscal arrangements, both to create a longer-term sustainability in individual countries, to put up a set of agreements under which countries would be willing to work with each other on fiscal matters. they're working to develop a banking union where banking regulation would be done throughout the euro zone by the ec be or some othe
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